Since our last buy in it’s been killer and hitting both the support and heading straight up, will link last post. Is bitcoin really heading too mid 8k before halving?
There’s some outside factors we need to take into account.
1. After halving we will be at a break even, yet at the same time we are experiencing low prices of goods. If United States reopening is successful than after the halving we could shoot up higher, yet if we don’t could see sideways or a downturn since it would be cheap.
2. GrayScale has raised over 500million dollars, yet the market is focus on Binance take over the crypto space, which imo it won’t be good for them in 2021. Along with at GrayScale graph is actually gone up forming a bowl, which while we going down institution ARE BUYING.
Now on too the TA. Atm we are above the support of 7231 with next resistance at 7379 than we head too low 8k. High buy volume on the hourly is good along with overbought but trending up expecting a another massive move before halving, most likely mid next week or in May, yet we could always go higher sooner. MACD is still bullish unless we get a massive move down.
I’ll remain long and also bought some GBTC in my Roth Friday.
There’s some outside factors we need to take into account.
1. After halving we will be at a break even, yet at the same time we are experiencing low prices of goods. If United States reopening is successful than after the halving we could shoot up higher, yet if we don’t could see sideways or a downturn since it would be cheap.
2. GrayScale has raised over 500million dollars, yet the market is focus on Binance take over the crypto space, which imo it won’t be good for them in 2021. Along with at GrayScale graph is actually gone up forming a bowl, which while we going down institution ARE BUYING.
Now on too the TA. Atm we are above the support of 7231 with next resistance at 7379 than we head too low 8k. High buy volume on the hourly is good along with overbought but trending up expecting a another massive move before halving, most likely mid next week or in May, yet we could always go higher sooner. MACD is still bullish unless we get a massive move down.
I’ll remain long and also bought some GBTC in my Roth Friday.
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Almost there
nathanielx9
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